Tony & Tammy House of Events, LLC engaged the services of a core professional in the area of business consulting and structuring to assist the firm in building a well – structured event planning outfit that can favorably compete in the highly competitive event planning and entertainment blogger.comted Reading Time: 7 mins We have created this Eventel LLC - Event planning business plan to help you get started with your business plan writing. Looking for the perfect business plan example for your new event planning business? EVENT PLANNING BUSINESS PLAN TEMPLATE Use this template to create the business plan for your new event management business. blogger.com Basic Business Information • Business Name • Business Owner • Business Address • Email • Phone Number • Mobile Number • Website Address • Social Media Details blogger.com Executive SummaryFile Size: KB
(PDF) Business Plan on Event Management | Md. Shakhawat Hossain - blogger.com
Are you thinking about starting an event planning business? Well, if you have what it takes to properly plan and manage an event, you can certainly jump in this field. The biggest benefit of starting this business is that it requires the least capital investment as compared to many other businesses. You can start a business plan for an event planner in a small office with a small team and a little inventory comprising of mostly office and stationery products. Secondly, a business plan for an event planner starts yielding a profit as soon as it is launched as compared to most of the businesses which need months or even years to yield the desired rate of return.
Another important aspect is that, unlike other businesses, an event planning business has the least amount of risk associated with it provided that you plan and market it successfully.
Godi Events will be a bonded, insured and licensed event planning business, located in the Manhattan borough of the New York City. We aim to serve the nearby residential community and the corporate sector of Manhattan by proving them the best services for managing their important and memorable events of life.
Godi Events will be owned and operated by Anna Godi. Anna has been associated with the hospitality industry for more than 6 years. She has been working at executive positions in various event planning companies and premium brands throughout the United States to create memorable and unique events. Hence, she decided to start this venture. The main office of Business plan events company Events will be located in Manhattan borough of the New York City.
A square feet office has already been acquired on lease in the center of the main commercial district of downtown Manhattan. Anna will manage the overall operations of the company while she will be assisted by some of her friends for the startup. The success of a startup heavily depends on its staff and management. Likewise, management will play a great role in making this venture successful, so make sure to plan it before thinking about how to start a business in event planning.
This residential community will need our services for planning and managing their weddings, birthdays, anniversaries, and parties. On the other hand, the companies and businesses also need to organize work sessions, retreats, team meetings, business plan events company, workshops, and conferences multiple times in a year. Our biggest competitive edge over other competitors will be our mobile app business plan which can be used for online booking, selection of food plans and venues, business plan events company, making payments and much more.
We have strategically built this app to facilitate the ever-busy working class of the society. Our second competitive edge will be our unparalleled customer service which will be the best in town.
We will treat every customer with utmost respect and make sure that they get more than what they had expected from us. The target of the company is to become the best business plan for an event planner in the New York City within next five years of our startup.
This target can only be achieved by growing the sales at the forecasted rate. Anna has been associated with the hospitality industry for more than 6 years after completing her Masters in Human Resources Management from Loyola Marymount University — College of Business Administration.
Since then, she has been working at executive positions in various event planning companies throughout the United States, working primarily with premium companies and brands for creating memorable and unique events. Stylish and discriminating, she believes in working only with the very best. From photographers and set designers to budgeting and booking artists, business plan events company, she has formed an exceptionally collaborative team for her venture. Anna has business plan events company been a planner.
Since her high school days, she has been planning, organizing and executing school events. Afterwards, she started her own event management business plan society in college to plan and manage the college events organized by the student body. She was born to be a planner and her planning skills are praised by all and sundry. After completing her studies, Anna pursued her passion by serving in some of the biggest event organizers of the United States but soon she realized that she can establish her name in the hospitality business only by her own setup, business plan events company.
She knows that she can bring radical changes in the hospitality industry by following her natural instincts. You have to consider many aspects before you think about how to start your own party planning business. The place was formerly used as an office for a small IT firm. Some changes and interior designing woodwork are also required and a contractor has been hired for this purpose.
Anna has planned everything about her business including the required personnel and inventory and has hired experts from various fields to help her craft a detailed map about it.
The financial experts have forecasted following costs for expenses, assets, investment, and loans for the Start-up. The detailed start-up requirements, business plan events company, start-up funding, start-up expenses, total assets, total funding required, total liabilities, total planned investment, total capital and liabilities as forecasted by experts, is given below:.
The success or failure of a party planner business entirely depends on how it provides its services to the customers. A party plans business must be extremely customer oriented and should provide a wide variety of services to survive in the modern day competitive environment. So before you start your own event planning businessdo some research about what kind of event management business plan are most in demand nowadays.
In order to excel in the competitive field of event planning, Godi Events will provide the following event planning services to its esteemed customers:. Our events will be completely customized, reflecting the brand personality of every business plan events company. Whether we will act for a product, a family, or a company, our work will integrate innovative designs with the finest in wine and cocktails, dining, music, entertainment and—most important of all—that intangible element of surprise.
Our group of seasoned professionals understands that breakthrough ideas are only as good as the discipline supporting them. At Godi Events we believe that there is a sublime connection between the mastery of logistics and the creation of astonishment.
Specializing in the creation of exceptional events for private and corporate clients, we will design, plan and manage every project from conception to execution. We will be responsible for planning, executing and managing everything needed to make an event successful. We pay great attention to even the tiniest bit of details as this is the key to the success of any event.
In addition, to provide the planning services, we will also sell resource manuals and step-by-step guides. These resource manuals and step-by-step guides can be either purchased directly from our office in Manhattan or they can be downloaded from your official website by making an online payment via PayPal and Payoneer.
The resource manual is a compilation of various services providers such as caterers, decorators, bands, and disc jockeys located in the surrounding area. A ranking is given to them along with their contact details. This manual gives the client the freedom of making a choice based on experience.
Similarly, the step-by-step guides include the detailed guidelines for planning out the birthdays, meetings, retreats, parties, vacations, and special occasion celebrations such as graduations, holidays, showers, weddings, and receptions event. It will guide the readers on what is needed for and how to put together a successful, worry-free and successful event with popular refreshments, recipes, business plan events company, games.
By using these resource manuals and step-by-step guides, anyone can easily plan the small-scale events for themselves. It is only after this stage that a good event management business plan could have been developed, business plan events company. After identifying the local market trends in the New York City, the marketing experts and analysts also helped her to select the best site for establishing the main office of the company.
The success or failure of a business totally depends upon its marketing strategy which can only be developed on the basis of accurate marketing analysis. There are four main steps to carry out an accurate marketing analysis which are to identify the current market trends, business plan events company, identify your target audience and potential customers, set out the business targets to achieve, and finally set the prices of your products and services. Marketing analysis is a must-do thing before you move on to event planner business plan because the planning of many subsequent components depends on it.
Therefore, it must be considered before developing a party planner business plan. The event management industry is hardly a couple of decades old and has already experienced unprecedented growth.
Today, event management business plan is not just limited to planning and organization but much more. Moreover, this industry is one of the few industries which have seen a constant increase in revenue along with the increase in business locations with time.
It has been estimated that event industry contributes more than a hundred billion dollars to the annual GDP of the United States. The number of event planners has increased exponentially over the past few years.
After identifying these market trends, it is clearly evident that the event management business plan industry is always blooming and can be immensely profitable provided you plan your business successfully.
The community consists of all types of people from varying backgrounds. The corporate sector also provides many opportunities to us since the Downtown Manhattan houses many local, national and multinational businesses and companies. On average, these businesses make millions business plan events company dollars every year and can easily spend extravagantly on their events for the sake of promoting their brands.
In order to develop a good event planning business plan sample it was crucial to analyze the market segmentation of the future customers of our services. A successful and efficient marketing strategy can only be developed after we completely know our potential customers.
Our experts have identified the following type of target audience which can become our future consumers:. The biggest consumer of our services will be the corporate sector located in Downtown Manhattan.
There are hundreds of local, national and multinational businesses and companies located within 15 km radius of our office. These corporations organize company retreats once or twice a year to increase team building business plan events company their employees and to take a break from the hectic and monotonous office routine. Similarly, these companies need to organize work sessions, team meetings, business plan events company, seminars, workshops, and conferences multiple times in a year.
Most of these businesses make millions of dollars every year and can easily spend extravagantly on their events for the sake of promoting their brands and for entertaining their high-profile guests. They will contribute the biggest portion of our revenue and hence our marketing strategy will be specifically tailored to attract this customer group. The second category comprises of various government institutions in addition to schools, business plan events company, colleges, and universities located in Manhattan.
These institutions frequently host many public events and gatherings such as award ceremonies, educational events, conferences and business plan events company, alumni meet up events etc, business plan events company.
The residential community is extremely diverse business plan events company of people belonging to various age groups and varying needs.
This customer group will need our services for weddings, birthdays, anniversaries, and parties. As discussed earlier, we are strategically located in one of the richest neighborhoods in the United States where the residents have monthly incomes up to a hundred thousand dollars.
We aim to become the best event planners of the New York City within next five years of our startup. Our main business targets to be achieved as milestones over the course of next three years are as follows:. Product and service pricing is one of the most important factors in deciding the strategy for a business plan for an event planner.
Selecting the price for the services is a difficult task, especially for the startups, because one has to attract customers while yielding a profit at the same time. These two things cannot be achieved at the same time and the only way out is to select a compromised trade-off business plan events company balance between the two.
After considering the market demands, we have priced all our services in the similar ranges as of our competitors. The reason behind our pricing policy is to achieve the minimum attractive rate of return which would not business plan events company possible in case of offering our services at low prices. We had a great experience with OGScapital, business plan events company.
They were quick, business plan events company, on top of the BCP, and got us exaclty what we needed. We also had an issue with completing a task in a certain time required and they were nice enough to help business plan events company out and allow us an additional week.
How to Start Your Event Planning Business with No Money
, time: 6:08Event Planning Business Plan [ Updated] | Upmetrics
Tony & Tammy House of Events, LLC engaged the services of a core professional in the area of business consulting and structuring to assist the firm in building a well – structured event planning outfit that can favorably compete in the highly competitive event planning and entertainment blogger.comted Reading Time: 7 mins An Event Planning Business Plan is a business that involves budgeting, choosing and reserving the event sites, establishing timelines, acquiring permits, planning food, developing a theme, coordinating transportation, selecting speakers and keynotes, arranging activities, arranging for equipment and facilities, managing risk, and developing There are few recognized event management organizations in the country. The three recognized solely event management organizations are Jetset PR, Antar Showbiz and Wizard. These firms are devoted exclusively to the show business events. But, the corporate market for event management has mostly been blogger.comted Reading Time: 13 mins
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